Crypto exchanges act as the foundation of the cryptocurrency market, allowing users to buy, sell, and trade digital assets.

Crypto exchanges can be divided into two main categories: centralized and decentralized platforms.
Centralized exchanges (CEXs) are managed by companies, offering ease of use for users.
However, users must trust the exchange, which exposes them to risks such as hacks or mismanagement.
Conversely, decentralized exchanges (DEXs) enable users to transact independently. Using blockchain technology and smart contracts, DEXs prioritize user control but may challenge beginners due to technical interfaces.

Choosing a crypto exchange depends on user needs and visit my website priorities. Knowledge of both types assists in effective trading.